Cosmos
About Cosmos
Cosmos is a revolutionary project that aims to combat some of the major problems in the blockchain industry. Through an ecosystem of interlinked blockchains, it provides an alternative to sluggish, costly, unscalable and ecologically damaging proof-of-work protocols. In addition, with its modular framework, it simplifies blockchain technology for developers, and facilitates communication among different blockchain networks via an Interblockchain Communication protocol.
In the last hour, Cosmos's price has seen a change of +0.43%, and over the past 24 hours, its price has moved by -0.50%. Over the previous week, Cosmos's price has moved by +5.82%. The current price of Cosmos is ₺86.51, accompanied by a trading volume of 2.348B in the last day. Cosmos's price is currently 96.05% below its all-time high of ₺2,188.45, which remains the highest price Cosmos has achieved since its launch. The circulating supply of Cosmos stands at 532.2M, translating to a total market capitalization of 46.04B.
Market stats
Frequently asked questions
What is the Cosmos network?
The Cosmos network (Cosmos) and its trading symbol (ATOM) is a decentralized blockchain network that uses a Proof of Stake consensus mechanism. The network focuses on building the “Internet of Blockchains.” The Cosmos project aims to enable separate blockchain networks to communicate and exchange data and assets through cross-chain technologies. The ATOM token is the network’s native currency and a governance tool for protocol updates and staking. The Cosmos project aims to solve key challenges in the world of cryptocurrency, such as scalability, ease of use, and, most importantly, interoperability between blockchain networks. It does this by allowing multiple chains to interact seamlessly and providing a flexible user experience.
How does the Cosmos network work?
Cosmos functions as a decentralized, modular network that connects different blockchain networks. This is achieved through its adoption of the Tendermint consensus algorithm and inter-blockchain communication protocols. The network consists of several sections called (Zones), each with its own rules and protocols that can be customized and expanded using Cosmos development software. Meanwhile, ATOM tokens serve as the native token of the Cosmos network and are used to pay transaction fees, transfer value between different zones, and reward validators. The network relies on a Proof-of-Stake (PoS) mechanism and a governance model that allows participants to vote on important decisions.
How do you buy ATOM through the Rain platform?
Buying ATOM on Rain involves a few simple steps:
- Ensure you have funds in your fiat account or add your card in the payment methods section.
- Click “Trade” and select “Buy”.
- Select the cryptocurrency you wish to buy.
- Enter the amount you wish to buy in your preferred currency.
- Choose your payment method, either using a bank card or the cash balance in your fiat wallet.
- Click “Next” to review your transaction details.
- Click “Buy Now” to complete the purchase.
ATOM will be added to your wallet once the transaction is executed. At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides clients with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying ATOM, it is important to understand the associated risks:
• Price volatility risk: the token may be subject to sharp price fluctuations.
• Staking reward delay risk: staking rewards require a 22-day unlocking period during which assets cannot be traded or liquidated.
• Liquidity risk: liquidity may affect the token’s price movement.
• Competitive risk: the platform operates in a highly competitive market, which may affect the token.
• Governance and regulatory risk: the token’s value may be affected by legislation and regulation.
• Security risk: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not buy ATOM based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
How does staking work on the network?
ATOM holders secure the proof-of-stake ledger by acting as network validators, which results in regular staking rewards.
What is the Cosmos SDK framework?
It is a modular framework that enables developers to quickly build custom, production-ready, independent blockchain networks.
Does ATOM have a supply cap?
No, ATOM is inflationary at a dynamic annual rate (traditionally ranging from 7% to 20%) to reward users who secure the network
What is the purpose of Cosmos?
Cosmos aims to create an internet of blockchains, enabling multiple blockchains to transfer assets and communicate with each other. By providing a decentralized network of independent parallel blockchains, Cosmos seeks to solve scalability and interoperability issues in the cryptocurrency space.
How does the Cosmos network operate?
Cosmos operates through the Cosmos Hub, which connects various blockchains called 'Zones.' These Zones can have different functionalities and are interoperable through the Cosmos Hub. The Hub serves as a secure way to transfer assets and data between different blockchains within the Cosmos ecosystem.
What is the role of ATOM in the Cosmos network?
ATOM is the native staking and governance token of the Cosmos network. Holders of ATOM can stake their tokens to help secure the network and earn rewards. Additionally, ATOM holders can participate in on-chain governance by voting on proposals that impact the Cosmos ecosystem.
How does Cosmos ensure the security and integrity of its network?
Cosmos utilizes a proof-of-stake consensus mechanism to secure its network. Validators are responsible for proposing and validating transactions on the network and are selected based on the amount of ATOM they have staked. This design incentivizes validators to act honestly to maintain the security and integrity of the Cosmos network.
How to invest in Cosmos?
Rain offers you a number of ways to start investing in Cosmos, including buying Cosmos through bank transfers or by using your bank card. To purchase Cosmos on Rain, you can select Cosmos in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Cosmos with card?
Once you add your bank card to your Rain account, you can use it to buy Cosmos directly. You can start by adding your card to your payment options on your Rain account. To purchase Cosmos using your bank card, you can select Cosmos, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Cosmos through bank deposit?
Rain enables you to buy Cosmos using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Cosmos. To do that, you can select Cosmos in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Cosmos?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Cosmos successfully:
On your Rain account, select Cosmos then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Cosmos into cash?
Rain gives you the opportunity to sell Cosmos and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Cosmos and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Cosmos?
If you would like to receive Cosmos in your Rain account, simply click on Receive and select Cosmos from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Cosmos to avoid possible loss of funds.
How to send Cosmos?
You can easily send your Cosmos from your Rain account to any external wallet by clicking on Send and selecting Cosmos from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Cosmos with Rain?
When you buy Cosmos with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Cosmos on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Cosmos wallet?
A Cosmos wallet is where you can securely store Cosmos. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Cosmos address?
A Cosmos address is a string of unique characters that is tied to your Cosmos wallet. The address functions just like a bank account number and it is what you use in order to send Cosmos from your wallet, or to receive Cosmos to your wallet.
What trading pairs available for Cosmos?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Cosmos with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Cosmos with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Cosmos?
You can trade Cosmos with any amount above $30 or equivalent in your account's currency. You can start trading Cosmos now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Cosmos?
Besides Cosmos, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Cosmos built on?
Cosmos is built on the ATOM blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Cosmos safe?
To keep your Cosmos safe, make sure to use trusted wallets that support ATOM. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Cosmos be in next 5 years?
Price predictions for Cosmos over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Cosmos taxable?
Trading Cosmos may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Cosmos's ATH?
Cosmos’s all-time high (ATH) was ₺ 2,188.45 on 20 Sept 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of Cosmos?
With a market capitalization of 46.04B, Cosmos is ranked 67 among other crypto assets.
What is the all-time high of Cosmos?
The highest valuation of Cosmos since its launch was at ₺2,188.45, marking its all-time high.
What is the 24-hour trading volume of Cosmos?
The trading activity of Cosmos over the last 24 hours was at 2.348B, highlighting its liquidity in the market.
How many Cosmos are there in circulation?
There are approximately 532.2M units of Cosmos currently in circulation, affecting its market dynamics.
What is the relative popularity of Cosmos?
Cosmos market cap is around 46.04B.
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